LIST OF PROFITABLE FOOD PROCESSING BUSINESS IDEAS

Food processing industry is of enormous significance for India's development because of the vital linkages and synergies that it promotes between the two pillars of our economy, industry and agriculture. Fast growth in the food processing sector and progressive improvement in the value addition chain are also of great importance for achieving favourable terms of trade for Indian agriculture both in the domestic and international markets. Even more important is the crucial contribution that an efficient food processing industry could make in the nation's food security. The simple fact that the post-harvest losses are about 25 to 30 per cent in our country should serve as an eye opener for all of us. Even marginal reductions in these losses are bound to give us great relief on the food security front as well as improve the income levels of the farmer.

The food processing industry of India is one of the largest in the world in terms of manufacture, use, export, and development. The sector has immense potential to contribute to growth and employment opportunities of the country.

The Indian food industry is poised for huge growth, increasing its contribution in world food trade every year. In India, the food sector has emerged as a high-profit sector on the back of the scope it offers for value addition, particularly with the food processing industry getting recognized as a high-priority area.

The Indian food and grocery market is the world’s sixth largest, with retail contributing 70 per cent of the sales. It is projected to grow at the rate of 104 per cent, touching US$ 482 billion by 2020.

The Indian food processing industry accounts for 32 per cent of the country’s total food market, 14 per cent of manufacturing GDP, 13 per cent of India’s exports and six per cent of total industrial investment.

The food processing industry in India has a total turnover of around USD 65 billion which includes value added products of around USD 20.6 billion.

Food processing involves any type of value addition to agricultural or horticultural produce and the products that there follow. The grading, processing and packaging of foods all fall under this umbrella. The Food Processing Industry sector in India is a global contender in terms of production, consumption, exports and growth prospects.

India is expected to attract an investment of $10 billion in food processing sector and generate 1 million jobs in the next 3 years.The Food Processing Industry in India offers unique opportunities in production and export of processed food. It has a strong and dynamic food processing sector playing a vital role in diversifying the agricultural sector, improving value addition opportunities and creating surplus food for agro-food products.

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There are varieties of fish available in India. They are sweet water fish and salty water fish. Both the fishes can be stored by dehydration. Dehydration is a process technique of removal of water from fish bodies by mechanical means i.e. heat and dehumid air over the fish. There is good demand of dehydrated fish in India as well as in abroad. So it has a very good export market. As a whole project of fish dehydration is good.

There are few food items are largely used as diabetic food. There is no ill effect produce by taking of this food by the diabetic patient. It is now manufactured in India by some organized sectors. It has good export scope though there is good indigenous demand of the food. All the plant and machineries are indigenously available.

It is one of bakery products largely used by the cake manufacturer. Basic raw materials are vegetable oil, G.M.S., Xanthenes gum, Satiric Acid etc. It is stable (at room temperature) gel like product. It required a mixing machine, heating equipment, packing machine for manufacturing the product. It will improve the cake quality after baking. It has good demand.

Mango is one of the best fruits in India. Mango bar can be prepared from green mango, ripe mango and mango juice. Mango currently accounted 39% of the total fruit export from the India. There is very good domestic and export demand of mango products. The growth rate of mango fruits bar is 20 %. It can be predicted that few entrepreneurs may enter in this venture along with other food base product.

Fruit concentrate is the product of fruit juice or fruit pulp in dry form or dry powder form mixed with sugar, natural flavour or synthetic permitted food colour. In India, growth rate is about 7-8%. We can predict that there is good scope for new entrepreneur.

Mango is one of the best fruits in India. There are number of products produced from mango like mango juice, mango pulp, mango flavour, mango kernel oil, mango pickles and powder etc. which are well accepted through out India and in aboard. There are some manufacturers in organized sector and some are in unorganized sector. Mango pickles and other mango products even mango itself has a very good export as well as domestic market. There is a good scope for new entrepreneurs to venture in to this field.

Soyabean meat is a vegetable meat which has property like original meat. Soyabean is abundantly produced in Madhya Pradesh. Production of soyabean is about 6519000 tones in India. This is basically used for oil extraction. After oil extraction, the residue of soyabean available, 3300000 tones which has lot of industrial and commercial use. In India part of it used for the production of baby cereal food, cattle feed, soyabean nuggets or soya meat and other products. It is over all observed that market demand of soya meat is growing 10 - 15 % per annum. On that basis it can be concluded that any new entrepreneur may enter in this field will be fairly successful if he is able to produce quality product with competitive price.

Potato is widely consumed as food all over the world. Potato chips are basically used for snacks purposes. They are produced by rapid dehydration of potato slices by direct contact with hot oil. Its crispiness and special palatability makes it the favourite of people of all age groups. Different varieties of potatoes are usually used for chips. The market acceptance of potatoes chips it is necessary to make variety of chips by adding different types spices and flavour or by adding some nutritional coating on the chips, it may be sweetened, salty, pungent or any other developed acceptable variety. The production of chips and wafers of concentrated in household units and small units. There is good scope for new entrepreneurs, they may successful in this field provided manufacturing quality product with economic price. You can invest in this project.

Atta is one of the staple and basic food to Indians not only that it is basic food ingredients for all the men lives in the world. Atta is manufactured from wheat which is cultivated in the winter season or just before it. Through there is development of tissue culture base seeds which can be cultivated throughout the year. Ata (wheat flour) is basically used for preparation of chappati for the human basic needs of food in every classes of people. It is also used for the preparation of adhesives. It is directly use for human consumption. There is few organised sector comes appear for manufacturing atta from wheat for human consumption. There is gradual demand increase day by day of 5-10 kg packs. There is atta available as loose form to meet up the demand. Demand of atta will be increase each year will be 10%. There is extreme scope of hygienic quality based packed atta. It is required to hardness the rural market which is totally demand now.

Curry powder is a well known name among the Indian people. Curry powder is the combination of finely powdered spices. For each dish there is different curry powders but the ingredients are more or less the same. Now a days most of the housewives are using this ready-made curry powder instead of using them individually. Consumption of curry powder and so the quantity required is increasing day by day. So this is an industry by which a new entrepreneur can start without second thought. But the manufacturers should give attention for capturing the market. Now a days not only the urban people but villagers also have a craze for these ready-made curry powders. There is good market for curry powder in India and abroad. So any entrepreneur can invest in this project.

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